CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE – Get Rating) by 15.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,865 shares of the real estate investment trust’s stock after acquiring an additional 15,565 shares during the period. Thrivent Financial for Lutherans owned about 0.12% of CareTrust REIT worth $2,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in CareTrust REIT by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 15,671,455 shares of the real estate investment trust’s stock worth $302,460,000 after acquiring an additional 162,349 shares in the last quarter. State Street Corp grew its holdings in CareTrust REIT by 0.7% during the 2nd quarter. State Street Corp now owns 6,002,028 shares of the real estate investment trust’s stock worth $112,273,000 after acquiring an additional 42,147 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in CareTrust REIT by 15.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,233,290 shares of the real estate investment trust’s stock worth $58,554,000 after acquiring an additional 442,953 shares in the last quarter. Invesco Ltd. lifted its position in shares of CareTrust REIT by 11.8% during the 1st quarter. Invesco Ltd. now owns 1,446,190 shares of the real estate investment trust’s stock worth $27,911,000 after buying an additional 152,896 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of CareTrust REIT by 15.4% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,437,940 shares of the real estate investment trust’s stock worth $26,041,000 after buying an additional 192,376 shares during the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CTRE shares. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b-” rating in a research report on Tuesday. Wells Fargo & Company started coverage on shares of CareTrust REIT in a research report on Wednesday, April 19th. They set an “equal weight” rating and a $21.00 price objective for the company. KeyCorp boosted their price objective on shares of CareTrust REIT from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 14th. Finally, StockNews.com started coverage on shares of CareTrust REIT in a research report on Thursday. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.10.

CareTrust REIT Stock Down 1.3 %

CTRE stock opened at $19.37 on Friday. The company has a fifty day moving average price of $19.34 and a 200 day moving average price of $19.45. CareTrust REIT, Inc. has a 12 month low of $16.22 and a 12 month high of $22.46. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 34.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.18 and a quick ratio of 1.18.

CareTrust REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were given a $0.28 dividend. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 30th. This represents a $1.12 annualized dividend and a yield of 5.78%. CareTrust REIT’s dividend payout ratio is 200.00%.

About CareTrust REIT

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CareTrust REIT, Inc operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.